You have a huge competitive advantage being a contractor since you can put some "sweat equity" into the deal if you wanted to save some money in the beginning, and you also probably are much better at estimating rehab budgets, getting great deals on materials, and keeping rehab timelines on track than the average newer investor.

You can still rent a nice 1-bedroom for $1400 or a 2-bed for $1600 (on average). 

This woman makes $1,250 a month. 50% of her income would only qualify her for a $625 rental yet she's living in a City where an average 1-bedroom apartment is nearly $3,000 a month.

The average is about 10%.Are you an accredited investor?

If your average transaction was, say, $400K, this means about $12K you save (or, get paid at closing) for each deal you do - less the split you pay your broker.Seriously consider doing Real Estate part-time and stay with your J-O-B. 

Just signed a contract to sell my second one.  1st was the very low end of profitable and the second is about average on the profitability scale.

Over the last three years, I've invested in 5 single family/condo properties that generate an average cash on cash return of 14% in Knoxville, TN.

I'm working on a MF deal located near Chancellor Square and Winchester Rd NW but have some concerns related to school quality, crime/drug activity, average income, tenant pool, etc.

How many hours on average are you usually needing someone?

The numbers I use in my pro forma for maintenance/cap expenses many would think is high but virtually none of those people have taken the time to calculate what the maintenance/cap ex should be when level averaged per year or per month.